Castle Ventures protects financial services data for Fortune 1000 companies

About Castle Ventures

• A cybersecurity consulting and managed services provider
• Focused on providing data protection services for Fortune 1000 companies
• Builds bespoke cybersecurity solutions

Industry

Cybersecurity

Use Cases

• Data Protection
• SaaS Security
• Posture Management
• Data Security
• SaaS-to-SaaS Cyber Risk

The Challenge

Castle Ventures has been a pioneer in the data security space, working with organizations of all sizes and across industry verticals. All their engagements center on the core focus of “what is going on inside the business” from a data security vantage point. 

With 20 years of cybersecurity experience, Arthur Hedge, President of Castle Ventures, is finally starting to see an awakening among the industry on the risks that ungoverned SaaS data sprawl represents. “People are realizing that their data is in more places than they realized,” states Hedge. As SaaS service providers now cater to all areas of the business — including CRM, file storage, and human resources management to name just a few — more and more organizations are adopting SaaS services for these core business functions. In the majority of cases, cybersecurity for these apps and their associated data is an afterthought.

The main shortcoming boils down to most organizations protecting only what is in front of them. Hedge notes that companies generally lack the ability or bandwidth to track down all data that needs to be secured. It’s a classic case of what’s “out of sight is out of mind,” but one with significant business and regulatory ramifications if an organization experiences a data compromise.

This challenge, according to Hedge, has been long in the making. It started with on-premise workloads moving to the cloud, was followed by data stores such as Sharepoint and Box, and now continues with applications like Salesforce, Workday, and Microsoft 365. Hedge finds that this data migration pattern often takes place without the blessing of IT or cybersecurity departments.

SaaS apps should be viewed as data repositories, which Hedge considers the best approach for prioritizing the data security risks for SaaS apps.

But organizations typically don’t understand that the shared responsibility model applies to their SaaS estate, leading to lax SaaS data security governance and  pockets of data spread insecurely across the organization. When contemplating the scope of this security challenge, Hedge states that “it’s hard enough to protect your own environment, let alone all the SaaS-to-SaaS connections you find in a typical organization’s environment.” 

The tide, however, is starting to turn. Cybersecurity and IT teams are gaining a better understanding of the risks that insecure SaaS apps pose, largely due to growing incidences (and media coverage) of SaaS breaches. But more work on security awareness, and the responsibilities for securing SaaS, is urgently needed.

Must-have Capabilities

Castle Ventures selected AppOmni as a strategic technology partner based on the core product capabilities and the company’s vision. Hedge believes that “AppOmni wasn’t just solving a point problem, but was taking a platform-based approach to solving SaaS security comprehensively. This was critical to us.”

• A single solution that secures their entire SaaS estate 
• Deep SaaS Security Posture Management (SSPM) coverage for core SaaS apps where most sensitive data is kept
• High degree of customizability

• Protection for clients’ custom-built application
• Highly experienced Partner and Technology teams
• The ability to develop a customizable, managed SaaS security service offering around Castle Ventures’ products 

Comprehensive SaaS and data security coverage

Consolidated approach to security across multiple SaaS apps

SaaS security configuration management
at scale

1. Configurations of commonly used SaaS services providers in the enterprise are so complex that understanding the appropriate configuration settings is humanly impossible, whether at a point in time or on an ongoing basis. Configuration management can only be addressed through security automation. 
2. Considering these core SaaS applications are leveraged on a daily basis for core business use cases, a continuous monitoring capability must be in place to detect and alert on potentially anomalous end-user activity. 

Castle Ventures got this and more from AppOmni.

The overall experience of AppOmni —from the product’s advanced SaaS Security Posture Management (SSPM) capabilities, the roadmap, to the expertise of its entire team — is what set AppOmni apart from the competition. Hedge states, “We literally get calls from SaaS security companies every week, and no one comes close to AppOmni’s SaaS security capabilities.”

Many Castle Ventures clients, primarily in the financial services sector, have mature cybersecurity practices, including resilient cybersecurity posture. While these clients internalize the importance of adopting proactive cybersecurity solutions for their SaaS apps, other industry sectors desperately need SaaS security education, particularly  among their IT executives. Hedge acknowledges that “the scale of the data security challenge for SaaS is, frankly, still not adequately understood.”

The pace of SaaS breaches is increasing awareness among organizations, and their cybersecurity and IT teams are realizing that they are ultimately responsible for data security. Education for the executives (often the SaaS app owners) is still needed to illustrate the significant operational and financial risks that insecure SaaS and ungoverned SaaS data represent.